Premier Energies' Ltd.'s net profit significantly rose in the third quarter of the financial year 2025.
The solar module maker's consolidated net profit rose 5.9 times to Rs 255 crore in the October-December 2024 quarter. This compares to the Rs 43 crore net profit reported by the company in the same period a year ago.
Premier Energies Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 2.4 times at Rs 1,713 crore versus Rs 712 crore
Ebitda up 4.2 times at Rs 513 crore versus Rs 123 crore
Margin at 29.9% versus 17.3%
Net profit up 5.9 times at Rs 255 crore versus Rs 43 crore
Order Book
As of Q3 FY25, Premier Energies' order book stands at 4,539 MW. This order book has a total value of Rs 6,946.1 crore, marking an 8% increase in the company's order book on a sequential basis.
The company's fulfilled volumes totalled Rs 1711 crore during Q3FY25, while also registering new order bookings worth Rs 2240 crore.
Currently, 63% of Premier Energies' total order book is for solar modules, 36% is for solar cells and the remainder is 1% for EPC services.
Expansion Plan Update
The company also gave details about its capacity expansion plans and how the company is moving to have integrated operations. The company noted how production of its 2 GW capacity wafer manufacturing unit is expected to commence in FY26. Additionally, the company also plans to operationalise 1 GW of solar cell and module capacity by Q1FY26 and 4 GW of solar cell and module manufacturing capacity between Q4FY26 and Q1FY27.
The company targets to have 7 GW of solar cell manufacturing capacity and 9.1 GW of solar module production capacity by June 2026.
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